Scotiabank Increases Martinrea International Inc (MRE) Price Target to C$16.00

Martinrea International Inc (TSE:MRE) had its price objective boosted by Scotiabank from C$15.50 to C$16.00 in a research note published on Thursday morning. They currently have a sector perform rating on the stock.

Several other research firms have also issued reports on MRE. TD Securities increased their price objective on shares of Martinrea International from C$15.00 to C$17.00 in a research report on Thursday. BMO Capital Markets raised shares of Martinrea International from a market perform rating to an outperform rating and increased their price objective for the stock from C$11.00 to C$14.00 in a research report on Wednesday, August 9th. CIBC increased their price objective on shares of Martinrea International from C$11.50 to C$15.00 in a research report on Thursday. Finally, Royal Bank Of Canada increased their price objective on shares of Martinrea International from C$16.00 to C$17.00 and gave the stock an outperform rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Martinrea International presently has an average rating of Buy and an average price target of C$16.50.

Martinrea International (TSE MRE) opened at C$14.80 on Thursday. Martinrea International has a 52-week low of C$7.02 and a 52-week high of C$14.88.

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The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be paid a $0.03 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.81%. Martinrea International’s dividend payout ratio (DPR) is presently 6.56%.

About Martinrea International

Martinrea International Inc is a Canada-based company engaged in the development and production of metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector. The Company’s segments are North America, Europe and Rest of the World.

Analyst Recommendations for Martinrea International (TSE:MRE)

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